There’s no cancellation fee if you cancel at least 30 days (Easy Deal) or 60 days (annual plans) before the end of the contract. An early exit fee is equivalent to buying out the remaining contract.
Apart from the monthly rolling Easy Deal contract, all Takepayments card machine contracts require 18 months’ commitment.
If you want mobile connectivity for Takepaymentsplus, a one-off cost of £4.50 applies to a SIM card with unlimited data.
There’s a monthly fee for card machine rental, the cost of which depends on the card machine model. Takepaymentsplus plus comes with a monthly £25 + VAT fee as standard, which includes the point of sale software on the screen and reporting in the browser-based merchant dashboard.
A stationary Ingenico card machine costs between £10-£15 + VAT per month in rental. Portable or mobile models have a higher monthly cost, except for the PAX A920Pro terminal in the The Easy Deal that costs £7.50 monthly with a complimentary SIM card if needed.
PCI-DSS compliance requires a compulsory monthly fee of £15 from the acquirer (Barclaycard) or ongoing non-compliance fee if you don’t complete all the required paperwork within a certain time frame. If you want help managing PCI-DSS compliance, Takepayments can do this for you for an annual fee of £35.
Chargebacks have a fixed fee of £9 each with Barclaycard, while refunds cost 30p to process.
Transactions are settled in your bank account according to your agreed schedule with the acquirer. With Barclaycard, you get next-day settlement for free, whereas a merchant account with Elavon charges 30p per settlement.
Online payments have separate charges, requiring an annual fee upfront or monthly subscription charge for months in arrears. The first 350 transactions per month are included in the price, whereafter you pay 10p per transaction online.